Linc Energy lodges UCG/GTL application
Posted: 13 May 2008
Linc Energy Limited lodged with the Queensland
Government its Mining Lease Application (MLA) for the commercial scale
Underground Coal Gasification (UCG) and Gas to Liquid (GTL) plant near Chinchilla,
Queensland.
The lodgement of the MLA is an extremely important milestone for Linc Energy as it is one
of the steps that must be undertaken in order to be granted an Environmental Licence and
ultimately a Mining Lease for Linc Energy’s Chinchilla commercial UCG/GTL facility.
"The lodgement of Linc Energy’s Chinchilla Mining Lease (application) is a significant milestone that has been met in relation to our development of our commercial UCG operations," said Mr Peter Bond, Managing Director and CEO of Linc Energy.
"It is a major step towards Linc Energy’s commercial UCG/GTL facility. In this relatively small area, we will be producing huge amounts of energy that we will convert into sorely needed ultra-clean diesel as well as power for our plant. All this will be achieved with a minimal surface footprint.
"This is the start of a very lucrative industry for the people of Queensland and the value-added impacts of our proposed Gas to Liquids facility will be enormous."
The mining leases will provide Linc Energy with commercial access to the coal within the
leases for conversion to syngas by UCG technology.
There are three mining leases in the
application covering approximately 10,000 hectares (22,000 acres). 27% of this area has
been drilled and an indicated and inferred coal resource of 401 million tonnes has been
identified in accordance with the JORC code1.
Linc Energy is actively progressing
exploration activities in the remainder of the lease areas to further define the coal resources
with the view to further statements in accordance with the JORC code.
"This application was preceded by consultation with landholders in the area and the Department of Mines and Energy," said Mr Justyn Peters, General Manager (Government and Environmental Affairs).
"It is an important step in the process of obtaining our licences to operate commercially. The next stage in the application process will be completion of the Environmental Impact Statement (EIS), which together with the mining plans, will form the basis for further consultation with the community and provide the Government with the
information it requires."
Posted by Richard Price, Editor, EnergyME.com
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